Rocket maker Firefly Aerospace looks to raise up to $300 million -sources


FILE PHOTO: Firefly Aerospace's first Alpha rocket lifts from Vandenberg Space Force Base, California, U.S. September 2, 2021. REUTERS/Gene Blevins

(Reuters) - FireFly Aerospace, the U.S. rocket builder that reached orbit in space this month, joining the likes of SpaceX and Rocket Lab, is seeking up to $300 million in a private fundraising round, according to people familiar with the matter.

Firefly has yet to specify the valuation it is seeking, the sources said. The space company was valued at more than $1 billion when private equity firm AE Industrial Partners became its controlling shareholder in March.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Tech News

Turkish antitrust authority ends Meta probe over data-sharing
Chinese shopping app Temu suspended in Vietnam, says state media
Foxconn says Nov revenue +3.47% y/y, Q4 outlook strong
Demand 'excessive' for Huawei's Mate 70 smartphones, exec tells state media
As data centres proliferate, conflict with local communities follows
TikTok owner ByteDance wins outstanding research award at annual ‘Olympics of AI’
Google introduces AI agent that aces 15-day weather forecasts
Trump pick for top US antitrust role signals more big tech scrutiny
Bitcoin storms above $100,000 as bets on Trump fuel crypto euphoria
How an Irish YouTuber turned a niche following into millions for charities with holiday livestreams

Others Also Read